The average salary for a financial manager in Michigan is around $139,370 per year.
Avg Salary
Financial managers earn an average yearly salary of $139,370.
Wages typically start from $80,280 and go up to $258,480.
132% above national average Updated in 2025
Financial manager earnings by seniority
Top-level financial manager earnings begin at:
$124.27 per hour
$258,480 per year
Senior-level financial manager earnings begin at:
$87.56 per hour
$182,120 per year
Mid-level financial manager earnings begin at:
$67.01 per hour
$139,370 per year
Junior-level financial manager earnings begin at:
$50.71 per hour
$105,490 per year
Starting level financial manager earnings begin at:
$38.60 per hour
$80,280 per year
Approximate values based on highest and lowest earning segments.
Financial manager salary by state
| State Name | Average Salary |
|---|---|
| Virgin Islands, U.S. | $80,330 |
| Guam | $76,820 |
| Puerto Rico | $74,360 |
| New York | $219,880 |
| Massachusetts | $206,760 |
| New Jersey | $199,110 |
| District of Columbia | $188,880 |
| Virginia | $185,220 |
| Colorado | $182,690 |
| Delaware | $181,580 |
| California | $180,770 |
| Washington | $174,840 |
| Connecticut | $174,830 |
| Rhode Island | $166,940 |
| Georgia | $166,790 |
| North Carolina | $166,780 |
| Illinois | $165,880 |
| Texas | $164,860 |
| Minnesota | $163,410 |
| South Dakota | $159,700 |
| Kansas | $159,380 |
| Maryland | $158,750 |
| Oregon | $156,460 |
| Florida | $153,280 |
| Utah | $150,450 |
| Pennsylvania | $145,610 |
| New Hampshire | $144,730 |
| Missouri | $143,460 |
| Tennessee | $141,010 |
| Ohio | $140,870 |
| Alabama | $140,500 |
| Nebraska | $140,360 |
| Arizona | $139,830 |
| Wisconsin | $139,720 |
| Michigan | $139,370 |
| South Carolina | $136,160 |
| North Dakota | $135,890 |
| Indiana | $135,840 |
| Hawaii | $134,210 |
| New Mexico | $133,700 |
| Maine | $133,610 |
| Iowa | $133,320 |
| Nevada | $132,490 |
| Oklahoma | $132,460 |
| Montana | $131,060 |
| Kentucky | $130,650 |
| Vermont | $128,690 |
| Idaho | $127,210 |
| Alaska | $127,030 |
| Louisiana | $126,800 |
| Wyoming | $124,910 |
| Arkansas | $116,570 |
| West Virginia | $113,140 |
| Mississippi | $111,390 |
How do financial manager salaries compare to similar careers?
Financial managers earn about the same as related careers in Michigan. On average, they make less than compensation and benefits managers but more than human resources managers.
| Career | Median Salary |
|---|---|
| Compensation and benefits manager salary | $152K |
| Bank manager salary | $139K |
| Financial manager salary | $139K |
| Treasurer salary | $139K |
| Purchasing manager salary | $142K |
| Human resources manager salary | $139K |
Source: CareerExplorer (Aggregated)